Anyone know this stuff?

[T-Man007]

To better myself as an appraiser I'm going to start studying Multiple Linear Regression Analysis.

Any of you guys or girls ever used or learned this stuff in any of your College math classes?

I don't want to learn it but if I ever have to defend one of my appraisals in court I want to be able to say "prove me wrong, or kiss my ass".

[DIRTY_SOUTH]

Re: Anyone know this stuff?

Multiple Linear Who????

[mick-G]

Re: Anyone know this stuff?

Never heard of it. You might want to do a google search on it.

[NewCreation]

Re: Anyone know this stuff?

You might want to do a google search on it.

I don't know as even Google has heard of it!

[HungarianBeast]

Re: Anyone know this stuff?

It is the process of "regressing" a set of data values (or points) into a curve (or line). Use a lot by insurance actuaries and other "real" data analyists. I never had any classes like that, but it sounds pretty cool.

Try mathworld.com.

[SMILEY FACE]

Re: Anyone know this stuff?

No idea , sorry............................

[TRAM]

Re: Anyone know this stuff?

SKIDDA MERINKY DO WHAT?

[supasaiyan99]

Re: Anyone know this stuff?

Heard of it but never done it. From what I hear it's not that hard. If you are good at linear series interpolation this should be cake. I think it all deals with the Newton-Raphson or Lagrange points. But I could be wrong.

[newone1]

Re: Anyone know this stuff?

Multiple Linear Who????

I think the answer is 5........

[3Vandoo]

Re: Anyone know this stuff?

can you kill people or bomb the crap out of people with it, then yes I know

if not, then sorry I dont know!

[T-Man007]

Re: Anyone know this stuff?

Ok, I've looked into it more and yes, it is used to determine a certain value based on the data entered into a specific module. You use a graph.

Well, I talked with a guy at the State and he said I can learn it if I want but there's no real place for it in what I do. Apparantly you need a hell of a lot of data for it to be accurate in appraising real estate. If there is a hell of a lot of data availabe, then I don't need it because my current methods would be just as accurate.

Needless to say, I'm not going to crash my brain trying to learn something I wont ever use. Thanks for the input.

[HungarianBeast]

Re: Anyone know this stuff?

...and not to mention that simple applications like Excel do this type of thing for you as well. Not just linear estimations but polynomials as well.

We need a nerd forum here at fitnessgeared...for me especially.

[mick-G]

Re: Anyone know this stuff?

May i ask what type of real estate you appraise. Must be commercial to be so definitive.

[T-Man007]

Re: Anyone know this stuff?

May i ask what type of real estate you appraise. Must be commercial to be so definitive.

That's just the thing, I appraise single family residential and small income properties. No commercial. And you are right, I don't need to be so definitive for the scope of my assignments.

I sat down over luch on Saturday with an engineer buddy of mine and we scratched the surface of this stuff and how it applies to my job and I have concluded, there is no reason for me to learn it.

[roark]

Re: Anyone know this stuff?

I rarely see appraisors getting sued.